Kim Rupert Quotations

The post-auction gains were used as a selling opportunity.

What the Treasury has done has caused a significant, permanent shift in the way the curve is structured. We'd seen a lot of subtle changes beforehand but it was the announcement this week that really triggered the earthquake.

Given some of the strong data we've seen lately, it's not surprising he's bullish on the economy. There's not a lot of new news in this.

We suspect the FOMC will say that while Katrina had a devastating regional impact, aggregate growth should be only temporarily damped.

I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5%.

Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4% much of this year. That is far from a recession.

That suggests the economy has lost some of its steam.

The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7% on the long end is a pretty good deal.

We all anticipated it would come to an end at some point, but we weren't sure if it would moderate or crash. It now looks like it crashed, but that more than likely means we'll see more moderate and realistic growth as people re-apply more traditional methods of financing. That should make the case for moderate, non-inflationary growth in 2000.

We're going to be getting back to normal, with a lot of the panicky stuff dissipating. We're going to begin looking at the data again and what it means in terms of the Fed.

Productivity still remains really solid, and one of the hallmarks of this whole expansion. If we can hang on to that I think the perception of where we're going in the market could change dramatically.

Productivity, so far, has really enabled the economy to grow at a more rapid pace than normal without generating any kind of substantial increase in wage pressures.

People don't see a lot of value in a 10-year note that currently is yielding above the Fed funds rate but will not be in a week.

There's enough uncertainty about the size of the rate cut to make it a pretty sloppy auction.

It's a done deal. We're looking for a fairly long, drawn out Senate trial.

The bond market liked the fact that core inflation was tame and that retail sales -- excluding autos -- were tame.

The auction came off pretty much as advertised -- it was good and strong.

It's important to expose kids to experiences they might not get in the classroom.

The yield initially knee-jerked lower on the weak durable goods data and the Saudi news.

The yield curve remains steady ... indicating that the upside inflation risk appears to be canceled out by Fed vigilance for now.

After the strong October car sales that were reported last week, it wouldn't be out of the question that the Fed would think things are improving.

I don't put a lot of faith in the month-to-month swings in the trade data, but we had expected a modest widening in the gap. This narrowing will feed into a little bit more positive reading to second-quarter GDP.

The market is kind of in sleep mode.

The market is just seeing it for what it is.